This article has multiple issues. For-profit business plans typically focus on financial goals, such as profit or creation of wealth. Unsourced material may be challenged and removed. The format of a business plan depends on its presentation context. Please help improve it by replacing them with more appropriate citations to reliable, independent, third-party sources. In such situations, one may need to develop two versions of the business plan:
The primary difference between profit and non-profit organizations is that “for-profit” organizations look to maximize wealth versus non-profit organizations, which look to provide a greater good to society. The format of a business plan depends on its presentation context. They may also address the project’s place within the organization’s larger strategic goals. The business goals may be defined both for non-profit or for-profit organizations. Webarchive template wayback links Articles that may contain original research from August All articles that may contain original research Articles needing additional references from August All articles needing additional references Articles needing cleanup from March All pages needing cleanup Cleanup tagged articles with a reason field from March Wikipedia pages needing cleanup from March Articles lacking reliable references from March All articles lacking reliable references Articles with multiple maintenance issues All articles with unsourced statements Articles with unsourced statements from January Articles needing additional references from August
But costs are often underestimated and revenues overestimated resulting in later cost overruns, revenue shortfalls, and possibly non-viability.
Es article has multiple issues. Archived from the original on January 6, This situation is complicated by the fact that many venture capitalists will refuse to sign an NDA before looking at a business plan, lest it put them in the untenable position of looking at two independently developed look-alike business plans, both claiming originality.
This is often used as a teaser to awaken the businews of potential investors, customers, or strategic partners.
Please improve it by verifying the claims made and adding inline citations. An open business plan is a business plan with unlimited audience. March Learn how and when to remove this bisiness message. This allows success of the plan to be measured using non-financial measures. A pitch deck is a slide show and oral presentation that is meant to trigger discussion and interest potential investors in reading the written presentation.
This article may require cleanup to meet Wikipedia’s quality standards. This section needs additional citations for verification. The primary difference between profit and non-profit organizations is that “for-profit” organizations look to maximize wealth versus non-profit organizations, which look to provide a pkan good to society.
It also describes the nature of the business, background information on the organization, the organization’s financial projections, and the strategies it intends to implement to achieve the stated targets. Depending on the amount of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences. An internal operational plan is a detailed plan describing planning details that are needed by management but may not be of interest to external stakeholders.
Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization’s ability to repay the loan. Venture capitalists are primarily concerned about initial investment, feasibility, and exit valuation.
They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization. Preparing a business plan draws on a wide range of knowledge from many different business disciplines: In the free software and open source business model, trade secrets, copyright and patents can no longer be used as effective locking mechanisms to provide sustainable advantages to a particular business and therefore a secret business plan is less relevant in those models.
Externally-focused plans draft goals that are important sf outside stakeholders, particularly financial stakeholders. The elevator pitch should be between 30 and 60 seconds. During the dot-com bubble this was a problem for many technology start-ups. Non-disclosure agreements NDAs with third parties, non-compete agreementsconflicts of interest, privacy concerns, and the protection of one’s trade secrets may severely limit the audience to which one might show the business plan.
This article may rely excessively on sources too closely associated with the subjectpotentially preventing the article from being verifiable and neutral. For example, a business plan for a non-profit might discuss the fit between the business bjsiness and the organization’s mission. Business plans may be internally or externally focused. It is common for businesses, especially start-ups, to have three or four formats for the same business plan.
Cash conversion cycle Return on capital Economic value added Just-in-time Economic order quantity Discounts and allowances Factoring.
Business plan – Wikipedia
If a new product is being proposed and time permits, a demonstration of the product may be included. Traditionally business plans have been highly confidential and quite limited in audience.
Views Read Edit View history. A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved.